If carry bags have logo of firm

677 views
User Avatar

1359 Points Posted on 02 February 2022
if carry bags have logo of firm does it is recorded as advertisement expense or carry bag expense which account is appropriate
0 Reply Share Follow
On 02 February 2022 at 15:29 Report
Replies (3)
Quick Summary
This discussion explores the correct accounting treatment for carry bags bearing a company logo. While some argue it's an advertisement expense due to brand visibility, others maintain it's simply a carry bag expense. The consensus leans towards treating them as promotional or carry bag expenses, rather than solely advertising, as most branded bags serve a functional purpose.

User Avatar

CA
2141 Points Posted on 02 February 2022

As the carry bag is having logo of the firm so it should come under the head Advertisement Expenses.

1 Reply
On 02 February 2022 at 20:05
User Avatar

Chief Accountant
3150 Points Posted on 04 February 2022
It's considered as carry bag expenses only.
Most of bags have a logo or name of co., it doesn't means it's advertisement.
Reply
On 04 February 2022 at 21:59
User Avatar

Profession
28267 Points Posted on 07 February 2022
Promotional expenses.
Reply
On 07 February 2022 at 07:11

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Belated Return where Form 10IEA filed this year to
  2. GST Reconciliation Tool (2A vs Books) - looking fo
  3. TDS ON PF FORM 19 WITHDRAWAL
  4. Can a virtual office in Mumbai be used for company
  5. Eway and e invoicing in condition where 4 party ar
  6. Bank balance in ITR-3
  7. INCLUDING PROFITS FROM REIT / INVIT IN SHARE TRADI
  8. Tempsens Instruments IPO GMP Allotment Listing dat
  9. Upload Type - Correction. Not showing in TDS filli
  10. Partnership tax audit query

More recent discussions | Post

Related Topics :

Loading